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College sports leaders in deep talks to settle NIL antitrust case vs. NCAA
Posted on 4/29/24 at 7:24 pm
Posted on 4/29/24 at 7:24 pm
quote:
The leaders of college sports are involved in "deep discussions" to reach a legal settlement that would likely lay out the framework for sharing revenue with athletes in a future NCAA business model, sources told ESPN.
The NCAA and its power conferences are defendants in an antitrust class action lawsuit, House v. NCAA, which argues that the association is breaking federal law by placing any restrictions on how athletes make money from selling the rights to their name, image or likeness. The case is scheduled to go to court in January 2025. If the plaintiffs win at trial, the NCAA and its schools could be liable to pay more than $4 billion in damages, which has motivated many leaders across the industry to seek a settlement.
Sources indicated that a turning point in the discussions, which have been ongoing, came last week in the Dallas area, where the power conference commissioners, their general counsels, NCAA president Charlie Baker, NCAA lawyers and the plaintiffs' attorneys met. (They chose the Dallas area because they were already there for the College Football Playoff meetings, which were held in that area last week.)
quote:
A settlement would provide some legal relief for a college sports industry that's been peppered by lawsuits. It could also serve as a keystone piece to formulating a more stable future. With the settlement expected to cost billions in back pay for former athletes, it would likely also require the NCAA and conferences to agree to a system for sharing more revenue with some of its players moving forward.
Sources indicated the top-end revenue share number per school - once it's determined - would be set in the neighborhood of $20 million annually, although that's yet to be settled. Whatever number is set by the settlement, individual schools will be able to opt in to share revenue up to that number with its student athletes at its discretion. (They could choose to share less, but not more.)
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This post was edited on 4/29/24 at 7:25 pm
Posted on 4/29/24 at 8:07 pm to Prominentwon
I’m so tired of college athletics
They need to remove scholarships and let them pay their own way for school
They need to remove scholarships and let them pay their own way for school
Posted on 4/29/24 at 9:17 pm to Prominentwon
They're basically saying the Schools are about to start funding NIL with the players.
Posted on 4/29/24 at 9:25 pm to Nitrogen
It became fair for the players
Posted on 4/29/24 at 9:32 pm to RLDSC FAN
Greedy Lib Lawyers have ruined the game, mark my words, just like Boxing was all the rage in the 30s to the 80s, the Pay Per View destroyed it for 95 percent of the boxers, CFB will be a joke in 15 years. The NFL will wind up taking kids straight out of high school before long. Nothing like a greedy liberal jerk wad
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